The government lost a substantial amount of revenue last year due to a surge in contraband cigarettes and local counterfeit production, said National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan yesterday..This came about in spite of the imposition of higher taxes, he said, adding,
Over 85 percent of the certificates, licences, and permits (CLPs) issued so far through the Bangladesh Single Window (BSW) system were delivered within an hour, according to the National Board of Revenue.
The finance ministry yesterday sent four top officials of the National Board of Revenue (NBR) into retirement on ‘public interest’.
The Anti-Corruption Commission (ACC) has initiated another formal inquiry into allegations of corruption and irregularities, including illegal amassing of wealth, abuse of authority, and favouritism, against five more senior officials of the National Board of Revenue (NBR).
NBR officials’ work abstention hampering export, import activities, they say
Energy Adviser Fouzul Kabir Khan will head the panel
A meeting will take place at 5pm tomorrow
Lower tax benefit only for firms offloading minimum 10% shares via IPO or direct listing
He made the comment at an AmCham dialogue
The interim government has not taken any of the measures recommended by the white paper on the state of the Bangladesh economy even after a month and a half of the report’s submission, said economists yesterday.
The National Board of Revenue (NBR) is set to revise the value-added tax (VAT) on restaurants, reducing it from the standard rate of 15 percent..The tax administration informed the Bangladesh Restaurant Owners Association of the decision in a letter, though it did not specify the new rate.
Bangladesh’s direct tax expenditure, a tax subsidy that includes rebates, exemptions, and reduced rates offered by the revenue authorities, fell 8 percent year-on-year to Tk 1.15 lakh crore in fiscal 2021-22, according to the tax expenditure estimation report..The National Board of Revenue
Seven out of 19 customs agencies have been integrated
The National Board of Revenue has taken special measures for taxpayers who could not submit their tax returns online due to not having biometrically-verified mobile SIM cards.
The National Board of Revenue (NBR) should not both formulate policies and collect revenue, rather a separate, independent and specialised policy wing should be formed, recommended an advisory committee recently. .This should be the first priority when bringing about reforms, said the co
The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns.
The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.
Egg, sugar prices became cheaper to some extent, not other commodities, he says
